May’s year-over-year growth was the global market’s largest since September 2010. All major regional markets notched year-over-year increases of more than 15% during the month, and the Americas led the way with growth of 30.5%.

All monthly sales numbers are compiled by the World Semiconductor Trade Statistics (WSTS) organization and represent a three-month moving average.

“The global semiconductor market has settled into a period of significant and steady growth in 2017, with sales through May well ahead of the total from the same point last year,” said John Neuffer, president and CEO of SIA. “Significantly, recent market growth has been consistent across all major regional markets and semiconductor product categories, with sales of memory products continuing to lead the way.”